Azerbaijan posts 1.5-fold increase in crude oil exports to Türkiye

In January 2025, Azerbaijan exported just over 8,641 tons of crude oil, valued at more than $4.228 million to Türkiye, representing a 1.6-fold increase in volume and a 1.5-fold growth in value year-on-year, Report informs, citing the State Customs Committee of Azerbaijan.

During the reporting period, the share of crude oil exported to Türkiye in Azerbaijan's total oil exports stood at 0.25%.

According to customs declarations, Azerbaijan exported just over 3.46 million tons of crude oil and petroleum products obtained from bituminous rocks, valued at more than $1.903 billion in January 2025.

Overall, Azerbaijan conducted trade transactions with other countries worth just over $5.09 billion in January 2025. Of that, $3.038 billion accounted for exports and $2.052 billion fell to imports.